Air Conditioning Market: 2018 Automotive Industry Share, Size, Trends, Growth Factors, Competitive Landscape And Regional Forecast To 2023

Air Conditioning Market 2018 - Global Automotive Industry Forecast to 2023 research report published by “Market Research Future”, Air Conditioning Market is boosted by factors such as surge in demand for passenger and commercial vehicles, change in consumer preferences, and government initiatives to develop advanced air conditioning systems. There has been an increase in the production of passenger and commercial vehicles over the past years in countries such as China, India, and Japan. The increase in production is majorly due to the availability of low-cost labor, which attract many automakers to set up their base in countries such as India, China, and Japan.

Global Air Conditioning Market Highlights:

Denso Corporation (Japan), Hanon Systems (South Korea), Mitsubishi Heavy Industries Ltd (Japan), and MAHLE GmbH (Germany). Valeo SA (France), Keihin Corporation (Japan), Calsonic Kansei Corporation (Japan), Samvardhana Motherson Group (India), Subros Limited (India), and SMAC Auto Air (New Zealand) are among others.

Get Sample Copy of “Global Air Conditioning Market Research Report - Forecast to 2023” Report At: https://www.marketresearchfuture.com/sample_request/2386

The increase in sales of new vehicle will result in higher installation of air conditioning in the vehicles, which will drive the market. The gradual change in the consumer preference has played a major role in the growth of automotive air conditioning market. Over time, the stabilization of socio-economic conditions of individuals has led to gradually increasing disposable income. With the increase in the disposable income, consumers will move towards buying of advanced air conditioning system. Over time, consumers in the automotive industry focus on additional features such as climate control systems, pedestrian detection, and blind sport detection along with the aesthetic features of the vehicle. The advancement in the technology from manual air conditioning to automatic air conditioning will hence result in the growth of the market during the forecast period.

Market Segmentation:

The automotive air conditioning market is segmented based on technology, component, and vehicle type. On the basis of technology, the market is segment into manual and automatic. The automatic technology is expected to dominate the market during the forecast period because it enables the occupants of a vehicle to set a specified temperature for one area within the automobile. The automatic air conditioning has the ability to monitor the temperature of a specified space without manual intervention.

The mechanism of air conditioning system requires sensor that is placed within the system. These sensors read the current temperature of the area and matches the desire temperature defined by the occupant through the computer system within the vehicle. On the basis of component, the market is segmented into compressor, evaporator, receiver and condenser. Compressors, are expected to dominate the market during the forecast period as they perform major tasks such as heat transfer, absorbs heat, and condense excess heat, which enter the air conditioning. On the basis of vehicle type, the market is segmented into passenger car and commercial vehicle. Passenger car segment is expected to dominate the market during the forecast period due to the increase in the production and sales in Asia Pacific. The increase in the production of passenger cars will result in high installation of air conditioning systems in vehicles. The high installation will hence increase the sales and lead to the growth of the market in future.

Regional Analysis:

On the basis of region, the market is segmented into North America, Asia Pacific, Europe, and Rest of the World. Asia Pacific region is expected to dominate the market during the forecast period due to increasing population, rapid industrialization, and aggressive expansion of manufacturing sector. The automakers are moving towards technology-driven components, which will require less efforts by the consumer to operate. The development of technology-driven vehicles will result in increased adoption of automatic air conditioning in the vehicles. The increased adoption will drive the growth of the market in future. North America is expected to be the second largest market to grow during the forecast period.

 Target Audience:

Organizations
Manufacturer
Research Institute / Education Institute
Potential Investors
Scope of the Report:

The report for Global Air Conditioning Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.

Major Table of Content:

1 EXECUTIVE SUMMARY

2 SCOPE OF THE REPORT

2.1 MARKET DEFINITION

2.2 SCOPE OF THE STUDY

2.2.1 DEFINITION

2.2.2 RESEARCH OBJECTIVE

2.2.3 ASSUMPTIONS

2.2.4 LIMITATIONS

2.3 RESEARCH PROCESS

2.3.1 PRIMARY RESEARCH

2.3.2 SECONDARY RESEARCH

2.4 MARKET SIZE ESTIMATION

2.5 FORECAST MODEL

3 MARKET LANDSCAPE

3.1 PORTER’S FIVE FORCES ANALYSIS

3.1.1 THREAT OF NEW ENTRANTS

3.1.2 BARGAINING POWER OF BUYERS

3.1.3 THREAT OF SUBSTITUTES

3.1.4 SEGMENT RIVALRY

3.1.5 BARGAINING POWER OF BUYERS

3.2 VALUE CHAIN/SUPPLY CHAIN ANALYSIS

4 MARKET DYNAMICS

4.1 INTRODUCTION

4.2 MARKET DRIVERS

4.3 MARKET RESTRAINTS

4.4 MARKET OPPORTUNITIES

4.5 MARKET TRENDS

Continued…

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